Tech stocks: Apple watch, Netflix and Zynga up

Apr. 22, 2013
|

Apple shares are down almost 43% this year. / Mark Lennihan, AP

by Brett Molina, USA TODAY

by Brett Molina, USA TODAY

More tech earnings details arrive this week, with all eyes on Cupertino, Calif. Here's a look at the tech stocks to watch Monday.

Apple announces earnings Tuesday. Shares of the tech titan are up slightly in pre-market trading after a tough week that saw Apple's stock price drop below $400. It currently sits at $392.03, a 52-week low.

The reason for the incredible plunge? Investors waiting for Apple to unveil their next major tech product to push demand. The last significant product launch for Apple was 2010's iPad tablet.

The stock has lost 42% of its value since hitting a peak of $702 last September.

Netflix, Zynga rise. Shares of media streaming company Netflix are up 2.5% early as they prepare to share first-quarter earnings after the close of the markets. As Marketwatch reports, investors are hoping for a strong performance in both revenue and subscriber growth.

Meanwhile, Zynga has jumped 1.6% ahead of their earnings announcement on Wednesday.